Funding arb · Price arb /

ZEREBRO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0268%/8h= +29.3% APRpaid last 24h +0.063%

Price spread now: Extended against KuCoin+0.497%7-day average +0.104% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,335as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,310as in the Price arb table

costs, in and out, $10k−$1,34913.488% of the position

Long on KuCoin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.138%+$14 on $10k

Price spread, last 4 days (all we have)−0.356%−$36 · spread now +0.497%, 7d avg +0.104%

Together, before fees−0.218%+ Points / potential airdropExtended: Active · farm board−$22 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Extended is 0.393% dearer against KuCoin than usual: you sell high and buy low: +$39 more if the spread goes back to its 7-day average of +0.104%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.138% in total (about 7.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ZEREBROUSDTM	0.03383	0.0100	pay 0.0050% / 4h	3h 53m	$1.4M	$2.9M	10x
Short	Extended ZEREBRO-USD	0.03400	0.0368	get 0.0046% / 1h	53m 06s	$5K	$164K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee KuCoinbpFee ExtendedbpOrdersPrice spread, now +0.497%Rate

Funding earned: $56.28
Price spread: +0.497% → +0.104%: $39.29
Slippage, 4 orders: −$1,331.81
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$1,253.24
Costs to cover: 13.488%
Break-even: 162.9 days

Slippage from KuCoin: live order book, 4 min ago; Extended: live order book, 18 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy KuCoin live order book, 4 min ago	8.13 bp	615.7 bp −$616	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 18 min ago	4.14 bp	89.7 bp −$90	doesn't fit	doesn't fit	doesn't fit

ZEREBRO on 11 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_ZEREBROUSD	+0.0089%	1h	0.03394	+0.319%	$3K	$2K	10x	as long as short
Bybit ZEREBROUSDT	+0.0100%	4h	0.03392	+0.272%	$5.2M	$873K	13x	as long as short
Gate ZEREBRO_USDT	+0.0100%	4h	0.03387	+0.136%	$453K	$21K	10x	as long as short
KuCoin ZEREBROUSDTMlong	+0.0100%	4h	0.03383	long leg	$1.4M	$2.9M	10x
Variational Omni ZEREBRO	+0.0100%	4h	0.03390	+0.214%	$109K	$14K	—	as long as short
BingX ZEREBRO-USDT	+0.0354%	4h	0.03393	+0.310%	—	$1.3M	—	as long as short
MEXC ZEREBRO_USDT	+0.0364%	4h	0.03399	+0.482%	$7.1M	$125K	50x	as long as short
Binance ZEREBROUSDT	+0.0365%	4h	0.03399	+0.476%	$4.6M	$1.4M	10x	as long as short
Extended ZEREBRO-USDshort	+0.0368%	1h	0.03400	+0.497%	$5K	$164K	5x
Aster ZEREBROUSDT	+0.0390%	4h	0.03394	+0.331%	$381K	$22K	5x	as long as short

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin ZEREBRO-USDT	+0.0391%	4h	0.03397	+0.420%	$266K	$12K	10x	as long as short